Home breadcru News breadcru Import/Exports breadcru Vietnam imports 9.4 mn kg fabric from Thailand in Jan-May 2023

Vietnam imports 9.4 mn kg fabric from Thailand in Jan-May 2023

23 Aug '23
2 min read
Pic: Shutterstock.com
Pic: Shutterstock.com

Insights

  • Vietnam and Thailand engage in mutual fabric trade for their garment industries.
  • Vietnam imported 9.404 million kg of fabric from Thailand and exported 9.894 million kg in the first 5 months of 2023.
  • The past years' imports and exports show fluctuations.
  • Vietnam's apparel exports to Thailand have been notable, while imports have remained negligible.
Vietnam and Thailand engage in mutual trade of fabric to cater to the needs of their respective garment industries. Therefore, Vietnam both imports and exports intermediary products from Thailand. During the first five months of this year, Vietnam imported 9.404 million kg of fabric from Thailand, valued at $98.761 million. In the same period, the country's fabric exports were 9.894 million kg, amounting to $55.965 million. 

Last year, Vietnam imported 28.836 million kg of fabric worth $295.681 million. Earlier, the imports were 31.412 million kg ($279.871 million) in 2021, 27.205 million kg ($247.661 million) in 2020, and 28.761 million kg ($276.876 million) in 2019, according to Fibre2Fashion's market insight tool, TexPro. 

During the first five months of 2023, Vietnam's fabric exports were 9.894 million kg, valued at $55.965 million. These figures were noted at 23.624 million kg ($135.911 million) in 2022, 29.613 million kg ($157.388 million) in 2021, 27.882 million kg ($119.190 million) in 2020, and 29.244 million kg ($122.455 million) in 2019. 

Additionally, Vietnam exports apparel to Thailand, which holds significant value. From January to May 2023, Vietnam's apparel exports to Thailand were worth $49.084 million. These were valued at $112.517 million in 2022, $76.010 million in 2021, $88.385 million in 2020, and $121.959 million in 2019, as per TexPro. 

On the other hand, imports have remained negligible, annually not exceeding $20 million over the past four years. 

ALCHEMPro News Desk (KUL)

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